Press release
Electric Motors Market Size [2022-2028] | To US $ 188 Billion, While Exhibiting an Impressive CAGR of 6.9%
![Electric Motors Market Size [2022-2028] | To US $ 188 Billion,](https://cdn.open-pr.com/W/2/W207380643_g.jpg)
The Global Electric Motors Market size 2023 research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.
Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global Electric Motors Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.
๐๐๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐ญ๐จ ๐๐ฆ๐๐ข๐ฅ:
https://exactitudeconsultancy.com/reports/2133/electric-motor-market/#request-a-sample
Recent Developments
In August 2022, ABB announced that it has signed an acquisition to purchase Siemen's low-voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team.
In July 2022, WEG launched the W12 electric motor, which is designed for use in high-performance industrial applications while offering versatility and efficiency
In May 2021, Siemens and Schaeffler Group collaborated to provide intelligent diagnostics for drive and electric motor systems. The collaboration enabled Siemens to combine its IIoT platform Sidrive IQ with Schaeffler Group's expertise in designing, manufacturing, and servicing bearings.
In March 2020, Wolong Electric acquired GE's small industrial motors business for USD 160 million. This acquisition is expected to help Wolong gain a leading position in terms of market share.
Major Leading Players in Electric Motors Market:
ABB, ARC Systems Inc., Denso Corporation, Emerson Electric Co., Johnson Electric Holdings Limited, Maxon, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation, Inc., and Siemens.
Pre-Post COVID-19 Impact on Global Electric Motors Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Electric Motors Market, since end-user industries were still not operating at their full capacity.
๐๐๐๐จ๐ง๐๐๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Electric Motors Market research study made extensive use of secondary sources, directories, and databases such as Hoover's, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
๐๐ซ๐ข๐ฆ๐๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐
The total size of the Electric Motors Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐ฏ๐ ๐ฌ๐๐๐จ๐ง๐๐๐ซ๐ฒ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ฐ๐๐ฌ ๐ฎ๐ฌ๐๐ ๐ญ๐จ ๐ข๐๐๐ง๐ญ๐ข๐๐ฒ ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ'๐ฌ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ.
The revenues generated by the market's leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ:
https://exactitudeconsultancy.com/reports/2133/electric-motor-market/#inquire-for-discount
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
What focused approach and constraints are holding the Electric Motors Market demand?
SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.
What trends, challenges and barriers will impact the development and sizing of the Global Electric Motors Market?
Detailed Overview of Market will help deliver clients and businesses making strategies.
Influencing factors that are thriving demand and latest trends running in the market.
Market forecast for global Electric Motors Market split into segments like region, product, applications, end-user, technology, etc.
What is the Electric Motors Market growth momentum or market carries during the forecast period?
Which region may tap the highest market share in the coming era?
Which application/end-user category or Product Type may seek incremental growth prospects?
About Us
Exactitude Consultancy is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.
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